Required information Problem 14-5A Straight-Line: Amortization of bond premium and discount LO P1, P2, P3 The following information applies to the questions displayed below Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $507,301 and their market rate is 12% at the issue date. Problem 14-5A Part 2 2. Determine the total bond interest expense to be recognized over the bonds' life Total bond interest expense over life of bonds Amount repaid: payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense